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(Reuters) -Russia’s sanctions-hit diamond producer Alrosa reported a 25% fall in first-half revenue on Tuesday, warning that geopolitics and macroeconomic uncertainties were weighing on demand as high interest rates, inflation and taxes exert pressure on profits. Group of Seven countries banned direct imports of Russian diamonds in January 2024. This was followed by a European …

Russian diamond maker Alrosa flags high rates, inflation pressure as revenue falls Read More »

(Reuters) -U.S. President Donald Trump’s statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss precious metals association ASFCMP said on Tuesday. Trump on Monday said he would not impose tariffs on gold, a move welcomed by …

Switzerland wants binding Trump commitment on gold tariffs, lobby group says Read More »

By Marie Mannes STOCKHOLM (Reuters) -Europe’s car exporters are still struggling with uncertainty over U.S. tariffs despite last month’s trade deal, Wallenius Wilhelmsen, the operator of one of the world’s largest car-carrier fleets, told Reuters on Tuesday. The U.S. and European Union struck a trade deal in late July that saw U.S. import tariffs on …

Car shipper says US tariff haze still affecting auto trade flows Read More »

LONDON (Reuters) -The pound strengthened against the euro for the fourth session in a row on Tuesday after British labour market data which analysts said would not affect the Bank of England’s cautious stance on interest rate cuts due to high inflation.  The euro was last down 0.24% on the pound at 86.24 pence, its …

Pound strengthens after British jobs data Read More »

BUCHAREST (Reuters) -Romania’s central bank nearly doubled its annual inflation forecast for this year on Tuesday, but it expects a return to target in 2026 and will keep interest rates steady for now, Governor Mugur Isarescu said. The bank expects inflation to be running at 8.8% in December, compared with its previous forecast of 4.6% …

Romanian central bank expects inflation surge and will keep rates on hold, governor says Read More »